Loading...
Market
Bill Hwang's sentence reduced on appeal by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court records and official announcements
Story
Archegos Founder Bill Hwang Gets 18 Years for Fraud, Market Manipulation
Nov 20, 2024, 08:18 PM
Bill Hwang, the founder of Archegos Capital Management, was sentenced to 18 years in prison for fraud, market manipulation, and racketeering conspiracy. This sentence follows the collapse of his $36 billion family office in 2021, which led to losses exceeding $10 billion for Wall Street banks. Hwang was found guilty on July 10 of orchestrating a massive market deception, defrauding banks, and manipulating stock prices. His actions resulted in significant financial losses for investors and banks, marking a dramatic fall from grace for the once billionaire investor. Prosecutors had recommended a 21-year sentence ahead of his sentencing next week.
View original story
Similar markets
Less than 10 years • 25%
10 to 20 years • 25%
21 years • 25%
More than 21 years • 25%
Less than 10 years • 25%
10 to 20 years • 25%
21 years • 25%
More than 21 years • 25%
Sentence reduced • 25%
Sentence upheld • 25%
Sentence increased • 25%
Appeal dismissed • 25%
Sentence upheld • 25%
Sentence reduced • 25%
Sentence overturned • 25%
Other outcome • 25%
Less than 5 years • 25%
5-10 years • 25%
10-15 years • 25%
More than 15 years • 25%